Barclays Forecasts Strong Price Appreciation for Honeywell International (NASDAQ:HON) Stock

Honeywell International (NASDAQ:HON - Free Report) had its target price increased by Barclays from $258.00 to $265.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the conglomerate's stock.

A number of other brokerages have also recently issued reports on HON. Citigroup boosted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho boosted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Royal Bank Of Canada restated a "sector perform" rating and set a $226.00 price target on shares of Honeywell International in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $250.79.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $0.84 during midday trading on Wednesday, reaching $235.93. The company's stock had a trading volume of 2,417,149 shares, compared to its average volume of 3,856,138. Honeywell International has a 12-month low of $179.36 and a 12-month high of $242.77. The firm has a 50 day moving average price of $225.84 and a 200-day moving average price of $216.42. The stock has a market capitalization of $151.63 billion, a P/E ratio of 27.12, a PEG ratio of 2.69 and a beta of 1.07. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.25 EPS. As a group, equities analysts predict that Honeywell International will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.92%. Honeywell International's payout ratio is 51.95%.

Institutional Trading of Honeywell International

Several institutional investors have recently added to or reduced their stakes in HON. Capital World Investors bought a new position in shares of Honeywell International during the fourth quarter valued at about $1,594,216,000. Nuveen LLC bought a new position in shares of Honeywell International during the first quarter valued at about $1,150,929,000. GAMMA Investing LLC raised its stake in shares of Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after acquiring an additional 1,320,295 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock valued at $3,335,476,000 after acquiring an additional 1,293,137 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock valued at $561,634,000 after acquiring an additional 1,041,273 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.